'Number of IDs to be 1/4th of Board'

Mahendra K. Sanghi

As many as 85 per cent of the country's Chief Executive Officers and Managing Directors favour the strength of independent directors in listed companies to be not more than one-fourth of the Board's strength, a study by ASSOCHAM has said.

According to the ASSOCHAM Business Barometer Survey, which sought the opinion of about 200 CEOs and MDs on the issue, Corporate India felt that the one-fourth strength of IDs in any corporate body will make its board an ideal one as also ensure effective functioning with maximum yield.

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